Ethereum co-founder Vitalik Buterin has sold a significant amount of his 
personal ETH holdings over the past several days. According to blockchain 
analytics shared by Lookonchain, Vitalik has offloaded 2,961.5 Ethereum (ETH), 
worth approximately $6.6 million, at an average price…

Vitalik Buterin offloads nearly $6.6m in ETH amid price decline

Fireblocks integrates with Stacks, enabling 2,400+ institutional clients to 
deploy bitcoin capital in native decentralized finance ( DeFi) applications. 
Stacks, a Bitcoin Layer 2 platform, has announced a strategic integration with 
Fireblocks that will allow institutional investors to access Bitcoin-native 
DeFi opportunities. The collaboration addresses historical constraints that 
have prevented institutional participation in Bitcoin decentralized […]

Fireblocks and Stacks Unlock Institutional Bitcoin DeFi Opportunities

PlanB, the pseudonymous analyst behind the stock-to-flow model, says bitcoin’s 
drawdown has left markets staring at four plausible bear-market paths, ranging 
from a classic 80% drawdown to the possibility that the lows are already in. 
In a post on X and a follow-up video dated Feb. 4, PlanB framed the debate 
around where bitcoin typically finds bear-market bottoms relative to long-term 
trend metrics, while also arguing that the previous rally’s lack of momentum 
could translate into a shallower reset this time. Bitcoin closed January at 
$78,000, he said, marking a roughly 40% decline from the cycle’s all-time high 
at $126,000. On his chart, the 200-week moving average closed at $58,000 and 
realized price at $55,000, with the January RSI ending at 49, a level he 
treats as a regime shift. “RSI here, 49. RSI, as you know, is an index between 
0 and 100. And everything above 50 is an uptrend. Everything below 50 is 
downtrend,” PlanB said. “So 49 is below 50, it’s downtrend. It’s a bear 
market… similar to 2014–15, 2018–19 and 2022–23.” Related Reading: Bitcoin 
Unrealized Losses Reach 22% – Still No Capitulation Phase 4 Bitcoin Bear 
Market Scenarios From there, he outlined four scenarios for how the drawdown 
could evolve. The first is the historical “worst case” that still sits in 
traders’ mental models: an 80% drop from the top. With an ATH of $126,000, 
PlanB said that would imply a move to roughly $25,000 — “somewhere here 
between these two lines” on his chart, even if he acknowledged it would “look 
really really odd.” The second scenario is more conventional by his own 
backtests: a bottom around the 200-week moving average and realized price, 
which he pegged in the $50,000–$60,000 level. PlanB pointed to prior cycles 
where price eventually “drop[s] to the moving average realized price levels,” 
highlighting 2022 and 2015 as examples where the RSI trough coincided with 
those long-term anchors. The third scenario is shallower still: a retrace that 
stops just above the prior cycle’s all-time high, around $69,000–$70,000. 
PlanB’s reasoning is that the preceding bull phase looked muted in his 
indicators, which could compress the magnitude of the bear. “So what I think 
is… because the bull market was very weak… it didn’t have the red dots, the 
high RSI peaks,” he said. “Because of that, the bear market could be very 
shallow. And that would mean, for example, going back to the level or just be 
above the level of the… previous all-time high, which was 69,000.” Related 
Reading: ‘Sell Gold, Buy Bitcoin’: Cathie Wood Makes The Rotation Call The 
fourth scenario is the one traders always want on their screens: that the 
market already printed its low. PlanB wrote that “yesterday’s $72.9k was the 
bottom,” and reiterated in the video that “maybe the $72.800 that we saw a 
couple days ago was already the bottom.” Notably, the BTC price already 
dropped to $70,140 on Wednesday, invalidating this scenario. IMO there are 4 
bitcoin bear market scenarios: 1) -80% from ATH $126k =&gt; $25k 2) down to 200w 
MA / realized price =&gt; $50k-60k 3) down to just above previous ATH =&gt; $70k 4) 
yesterday&#8217;s $72.9k was the bottom I discuss these scenario&#8217;s in my new video: 
👉 https://t.co/mXSxJK9LLx — PlanB (@100trillionUSD) February 4, 2026 PlanB 
also revisited his stock-to-flow framework, saying it remains at $500,000 as a 
value signal derived from scarcity while stressing it is not built to call 
turning points. “Stock to flow says nothing about tops and bottoms,” he said, 
adding that it speaks to “the four-year average” and periodic “phase 
transition every four or five years.” That caveat set up his final point: the 
cycle template may be shifting. PlanB noted that in his four-year-cycle view, 
the peak historically lands in the first or second year after a halving, but 
“it didn’t happen after 2024 halving.” In his telling, that leaves room for an 
upside phase later in the cycle, even as his nearer-term framework keeps the 
focus on whether bitcoin gravitates toward realized price and the 200-week 
average, holds the prior ATH zone, or validates a higher low in the 
low-$70,000s. At press time, BTC traded at $ Featured image created with 
DALL.E, chart from TradingView.com

PlanB Lays Out Four Bitcoin Bear-Market Scenarios

Tron tightens its USDT lead over Ethereum as network activity and BTC reserve 
plans climb, yet TRX price lags, retracing into a multi‑month consolidation 
range. The Tron network has surpassed Ethereum in stablecoin supply, marking a 
shift in the competitive…

Tron extends USDT lead over Ethereum as TRX price decouples from network boom

Les ETF Bitcoin traversent actuellement une phase délicate qui commence à 
faire douter une partie du marché. Après plusieurs semaines marquées par des 
sorties massives de capitaux, une question revient avec insistance : assiste- 
t-on aux prémices d’un nouveau crash ou à une simple respiration du cycle 
haussier ? Fuite massive des ETF Bitcoin Depuis la fin du mois de janvier, les 
ETF Bitcoin enregistrent des sorties nettes d’une ampleur rarement observée 
depuis leur lancement. En l’espace de quelques séances, plusieurs centaines de 
millions de dollars ont quitté ces produits, alimentant un sentiment de 
méfiance croissant chez les investisseurs institutionnels. Le mouvement s’est 
accompagné d’une nette pression vendeuse sur le prix du BTC, retombé 
brutalement sous des niveaux psychologiques clés. À première vue, le signal 
est préoccupant. Les ETF étaient jusqu’ici perçus comme le moteur principal de 
la demande institutionnelle, et leur retournement brutal a surpris même les 
acteurs les plus prudents. Pour certains, ces sorties reflètent une prise de 
bénéfices logique après une année exceptionnelle. Pour d’autres, elles 
traduisent un désengagement plus profond face à un environnement 
macroéconomique devenu moins favorable au risque. Il serait pourtant réducteur 
de n’y voir qu’un signal de panique généralisée. Les flux ETF sont par nature 
volatils et réagissent rapidement aux mouvements de prix. Une partie des 
capitaux sortants correspond probablement à des arbitrages de court terme ou à 
des réallocations vers d’autres classes d’actifs jugées temporairement plus 
attractives. D’ailleurs, quelques journées de flux positifs ont montré que 
certains investisseurs commencent déjà à se repositionner. Un autre élément 
souvent négligé concerne la structure du marché. Les ETF ne représentent 
qu’une fraction de l’offre détenue. Une part importante du Bitcoin reste 
verrouillée par des détenteurs long terme peu sensibles aux fluctuations à 
court terme. Tant que ces acteurs ne capitulent pas, parler d’effondrement 
structurel semble prématuré. Quelle cible de prix pour le bottom du BTC ? La 
correction actuelle a replacé le débat sur la table : jusqu’où le Bitcoin 
peut-il descendre avant de trouver un véritable point bas ? Après avoir marqué 
un sommet historique fin 2025, le BTC a déjà perdu une part significative de 
sa valeur, ce qui alimente naturellement les scénarios les plus pessimistes. 
Sur le plan technique, plusieurs zones attirent l’attention. Une première 
région de soutien se situe entre 70 000 $ et 75 000 $, correspondant à 
d’anciens niveaux d’accumulation. Si cette zone venait à céder durablement, le 
marché pourrait chercher de la liquidité plus bas, autour des 60 000 $. Ce 
niveau n’aurait rien d’anormal dans un cycle haussier de grande ampleur, même 
s’il serait psychologiquement difficile à encaisser. Pour autant, envisager un 
retour brutal vers des niveaux beaucoup plus bas me semble excessif à ce 
stade. Les indicateurs de long terme montrent que le Bitcoin reste largement 
au-dessus de ses supports structurels, et la pression vendeuse semble 
davantage liée à des ajustements de position qu’à une perte de confiance 
profonde dans l’actif. Mon scénario privilégié reste celui d’une phase de 
consolidation étendue. Un marché hésitant, parfois nerveux, mais globalement 
contenu dans une large fourchette. Une zone comprise entre 65 000 $ et 80 000 
$ apparaît aujourd’hui comme un équilibre plausible, tant que le contexte 
macroéconomique ne se détériore pas brutalement. En résumé, les sorties des 
ETF constituent un signal à surveiller, mais pas nécessairement une alerte 
rouge. Le marché digère, réévalue et ajuste. Comme souvent avec le Bitcoin, le 
bruit est fort, mais la structure de fond reste, pour l’instant, étonnamment 
solide.

Cryptocurrency price in KWD